For an Economist, Marginal Means

question 94

Multiple Choice

For an economist, marginal means:

• A) incremental.
• B) unimportant.
• C) level or size.
• D) scarcity.
• E) inferior.

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Definitions:

Types of Taxes

Refers to the various ways in which governments generate revenue from individuals and businesses, including income tax, sales tax, property tax, and more.

Tax Policy

The principles and laws enacted by governments to collect revenues through taxes from individuals and businesses.

Elite Democrats

Members of the Democratic Party in the United States who hold significant power, influence, or status within the party or society.

Discretionary Spending

Refers to the portion of the federal budget that Congress debates and decides upon each year, covering areas like defense, education, and transportation.